Legend International Holdings (NASDAQOTCBB:LGDI)

CAPS Rating: No stars

Recs

6
Player Avatar Tastylunch (29.42) Submitted: 5/18/2008 2:05:53 AM : Underperform Start Price: $3.25 LGDI Score: +9.43

These guys probably ought to find some minerals soon, there's only so much worthless stock they can use to pay for things, even through Reaper's beloved PIPES .

Between January 1, 2007 and September 30, 2007, Legend issued a further 29,136,624 shares of common stock at a placement price of US$0.25 raising A$8,816,411 (US$7,226,906). The securities were issued pursuant to a private placement and are issued in reliance upon an exemption from the registration requirements of the Securities Act of 1933 as amended (“The Act”) under Section 4(2) of the Act.

Effective June 15, 2007, Legend issued a further 200,000 shares of common stock for consulting fees amounting to A$59,074 (US$50,000).

Between July 1, 2007 and September 30, 2007, Legend issued a further 2,150,200 shares of common stock for consulting fees amounting to A$614,469 (US$537,550).

On December 12, 2007, Legend issued a further 18,750,000 shares of common stock at a placement price of US$0.80 per share raising A$16,924,292 (US$15,000,000). The securities were issued pursuant to a private placement and are issued in reliance upon an exemption from the registration requirements of the Securities Act of 1933 as amended (“The Act”) under Section 4(2) of the Act.

Between October 1, 2007 and December 31, 2007, Legend issued a further 500,000 shares of common stock for part settlement of acquisition of exploration permits amounting to A$518,000 (US$475,000).

Between October 1, 2007 and December 31, 2007, Legend issued a further 254,000 shares for consulting fees amounting to A$330,564 (US$289,420).

Between October 1, 2007 and December 31, 2007, Legend issued a further 200,000 shares of common stock as a result of delays in lodging a registration statement amounting to A$364,805 (US$318,000).

Between January 1, 2008 and March 31, 2008, Legend issued a further 132,877 shares of common stock as a result of delays in lodging a registration statement amounting to A$241,167 (US$204,631)

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Member Avatar goldminingXpert (29.64) Submitted: 8/2/2008 4:41:14 PM
Recs: 0

this isn't a mining company dude, this is a fertilizer making company... rofl! I predict the company will soon switch to solar power, then biotech, and then, who knows, what, maybe say-- back to uranium mining-- uranium is always popular... then they'll go broke.

Member Avatar DanePymble (< 20) Submitted: 8/25/2008 7:21:00 PM
Recs: 0

Does the fact that they aim to be shipping 5MT of phosphate rock to India in 2010 count for anything? What about the fact that 3MT of this is locked in to a an agreement with IFFCO, India's largest fertiliser co-operative? Being an Aussie I see the biggest risk to this company is Joe Gutnik, he has a bit of a checkered track record over here. Ignoring this the fundamentals look good if you believe in sustained growth in demand for fertiliser & fertiliser products.

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